Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

MadLinguist

(790 posts)
10. And the economy will STILL crash, and will take even longer to recover
Fri May 22, 2020, 10:27 AM
May 2020

Even from the perspective of 'Dollar is King', this is a doomed path. Surely these ass-hats know this.
So what the hell gives? This is a gamble that no investor would take. Even investment strategy done by the quarter, whooping it up now, and crashing again somewhere between September and December would require hauling in the money til August, and then what partying on Venus with Elon Musk come January 2021? There has to be some 'safe haven' investment Wall Streeters are thinking they are going to dump their money into when the next waves of infection overtake us. They for sure aren't thinking of investing in hospitals, medical schools, associated labor and supply chains, since those are going to stretch, fray and finally give up the ghost. Unless they plan on using the massive death and fear as a way to get even more sympathy bailouts.

Latest Discussions»General Discussion»NYT: How Many Will Die fo...»Reply #10